The right time to Increase De Beers stake: Botswana’s mines minister

Botswana’s mines minister Bogolo Kenewendo says it’s “absolutely” the right time to discuss the government increasing its 15 per cent stake in De Beers.

Published

2 years ago

February 11, 2025

JewelBuzz Spread The Buzz

She indicated that Anglo American, which owns the other 85 per cent of De Beers, was moving closer to an initial public offering (IPO) and that Botswana was pushing for a larger stake.

Anglo announced last week that it was likely to write down the value of De Beers from its current $7.6bn, as a result of persistent weak diamond demand, especially in China.

Botswana’s diamond, which accounts for over 70 per cent of the country’s export earnings, has been severely hit by the global slump in demand.

In the last nine months of 2024 Debswana – its 50/50 joint venture with De Beers it sold $1.53bn of rough, down 52 per cent on the same period in 2023.

Qatar Diamond Exchange Partners With London Diamond Bourse To Expand Global Reach and Industry Collaboration

MoU Aimed At Fostering Deeper Commercial Ties, Expanding International Trade Opportunities, and Reinforcing Global Industry Standards. The Partnership Is Expected To Drive Economic Growth For Both Bourses While Enhancing Transparency and Trade Efficiency Across The Global Supply Chain.

Published

2 hours ago

November 2, 2026

JewelBuzz Spread The Buzz

The Qatar Diamond Exchange (QDE) and the London Diamond Bourse (LDB) have officially signed a Memorandum of Understanding (MoU) aimed at fostering deeper commercial ties, expanding international trade opportunities, and reinforcing global industry standards.

The strategic agreement was signed in London by QDE Director Ghanim Al-Saadi and LDB President Charlotte Rose. The partnership establishes a formal framework to enhance cooperation between the two institutions through reciprocal market visits, joint participation in trade events, and shared access to tenders and auctions.

This agreement marks the latest milestone in QDE’s strategic initiative to connect regional markets with major international trading hubs. In recent months, QDE has expanded its global network by establishing partnerships with prominent bourses in Tokyo, Singapore, Shanghai, and Italy.

Under the terms of the MoU, both bourses will collaborate to strengthen the natural-diamond and colored-gemstone sectors. A central pillar of the alliance is a shared commitment to upholding strict ethical and compliance standards, including guidelines set by the Responsible Jewellery Council (RJC) and the World Diamond Council’s (WDC) System of Warranties.

The partnership is expected to drive economic growth for both bourses while enhancing transparency and trade efficiency across the global supply chain.